Business certificates of deposit (CDs) offer business owners a unique opportunity to maximize their savings through high-yield interest. Business CDs work the same as personal CDs—you earn fixed interest on your balance for a predetermined period, called a CD term, and you agree to leave funds untouched in the account until this period ends.
The best business CD rates generally offer higher APYs than other business deposit accounts and, in many cases, numerous term options to meet a wide range of business needs. Account details and annual percentage yields (APYs) are accurate as of October 21, 2024.